Even today the fever of tariffs shakes the European stock exchanges, which close down after a deterioration in the afternoon following the negative opening of Wall Street.
Business Square it loses 0,89% and drops to 21.219 points, with financial and oil down. It dates back to it spread between Italian and German paper at 261.70 basis points (+2,23%); the yield of the 10-year BTP is 2,59%. The bond bows below the weight of the European Commission's spring estimates, revised downwards by 0,1% compared to three months ago for both 2019 and 2020. Italy remains last in the rankings in the Union and its anemic economy is struggling to recover, weakened by public finances in imbalance , while the specter of the opening of excessive debt proceedings reappears in the coming months.
In the rest of Europe: Frankfurt -1,58% Paris -1,6% Madrid -1,03% London -1,62%.
Wall Street moves sharply down, waiting for the Chinese delegation to land in Washington on Thursday. After Trump's tweets on tariffs, uncertainty reigns supreme and at midnight in America the day after tomorrow tariffs will go up at 25% from 10% on 200 billion dollars of Chinese imports. In the face of the news, yesterday, the US price lists had managed to contain the damage, recovering in the final. It may be that the same pattern repeats itself today, but at the moment the climate does not warrant good forecasts. Duties aside, the comments of Richard Clarida, number two at the Federal Reserve, also weighed heavily, ruling out a rate cut to support inflation that appears to be held back by “temporary factors.
In this situation theeuro-dollar it is stable in the 1,1185 area.
Among the raw materials the Petroleum type Brent yields 1,56% and falls to 70,13 dollars a barrel. Now well matched over $1284 an ounce.
In Piazza Affari the session is positive for a series of titles illuminated by quarterly reports such as Amplifon, +9,95%; Ferrari, +3,89%; Campari +2,2%, which reached an all-time high in the session. Well Diasorin + 2,4 %
Sales rain on Finecobank, -7,45% in the perspective of a detachment from Unicredit, -3,2%. Among the banks heavy discounts for Bpm bank -4,25% and Ubi -3,4%. Understanding, -2,75%, with quarterly profit down 16%, but better than the consensus.
Plunging oil: Saipem, -4,1%; Eni -2,57%. Fractional drop by Generali, -0,38%, noon the day of the assembly. The Trieste lion excludes large aggregation operations in the insurance sector and rather aims at the purchase of small companies.
